Telefonica, the telco that owns O2 in the UK, is creating 750 new graduate jobs as part of a project to grow entrepreneurial talent in Europe.

José María Álvarez-Pallete, CEO at Telefónica Europe said:"Just doing business is not enough. The economic environment is not going to help us. There are significant macro-economic challenges. There is a lost generation. A highly talented youth population is losing faith, and this worrying as they represent the future. In Europe, if we do nothing innovation will not happen in Europe."